[Federal Register Volume 60, Number 118 (Tuesday, June 20, 1995)]
[Notices]
[Page 32193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15010]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000169]
CF Investment Co.; Notice of Filing of an Application for a
License to operate as a Small Business Investment Company
Notice is hereby given of the filing of an application with the
Small Business Administration (SBA) pursuant to Section 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1994)) by CF Investment Company, at 102 South Main Street,
Greenville, South Carolina 29601 for a license to operate as a small
business investment company (SBIC) under the Small Business Investment
Act of 1958, as amended, (15 U.S.C. et seq.), and the Rules and
Regulations promulgated thereunder.
CF Investment Company, a South Carolina corporation, is a wholly
owned subsidiary of Carolina First Corporation, a bank holding company.
The applicant's officers will be William S. Hummers III (President),
Catherine W. Batson (Secretary), and Mary M. Gentry (Treasurer). All
three of these individuals are officers of Carolina First Corporation
and/or Carolina First Bank, and each has extensive experience in
banking, finance, and investment analysis.
CF Investment Company will begin operations with committed capital
of $2.5 million, with another $1.5 million or more available to the
applicant from Carolina First Corporation as investment opportunities
arise. CF Investment Company's entire $2.5 million of initial private
capital is being contributed by Carolina First Corporation, its sole
shareholder, by means of a private placement. Accordingly, the
following shareholder will own 10 percent or more of the proposed SBIC:
Name: Carolina First Corporation, 102 South Main Street,
Greenville, South Carolina 29601.
Percentage of ownership: 100%.
CF Investment Company is being formed primarily as a vehicle for
investment in small enterprises that engaged in businesses that relate
to, but do not directly constitute, banking or financial services. The
applicant will be a source of debt and equity financing for qualified
small business concerns that are based in South Carolina or that serve
South Carolina. The applicant does not plan to seek financing from the
SBA.
Matters involved in SBA's consideration of the application include
the general business reputation and character of the proposed owners
and management, and the probability of successful operations of the new
company under their management, including profitability and financial
soundness in accordance with the Act and Regulations.
Notice is hereby given that any person may, not later than 15 days
from the date of publication of this Notice, submit written comments on
the proposed SBIC to the Associate Administrator for Investment, Small
Business Administration, 409 3rd Street, SW., Washington, DC 20416.
A copy of this Notice will be published in a newspaper of general
circulation in Greenville, South Carolina.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies).
Dated: June 13, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-15010 Filed 6-19-95; 8:45 am]
BILLING CODE 8025-01-M
